MagnusTradingGroup

complex consolidation, timing & targets

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Depending on what side of the triangle (bottom / top)
the price is closer to while approaching the 0.764 fib-time,
you can start scaling into the respective trade.

Make sure not to buy into a potentially premature breakout at point (E).

Targets are based on projections of the widest distance within the triangle, down / up from the apex.
For the up-target the absolute value is used, for the down-target the % value.

If you have any questions feel free to leave a comment bellow.
We near take off?
Reply
NICE CHART
+1 Reply
That's cool ...
+1 Reply
It is possible yes, but only if my own scenario is falsified this week :D

+1 Reply
What can I say...
Reply
nice chart bru
Reply
higher high and lower low. There can be only one direction it's heading to!
Reply
*higher low :)
+1 Reply
beamer MagnusTradingGroup
oh yeah my bad lol
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out